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424B3: Prospectus

424B3: Prospectus

424B3:募資說明書
美股SEC公告 ·  12/09 06:16

Moomoo AI 已提取核心訊息

Conduit Pharmaceuticals has filed a prospectus to register up to 75 million shares of common stock for potential issuance upon conversion of a senior secured promissory note held by Nirland Limited. The note was issued in August 2024 for $2.65 million. Conduit will not receive proceeds from any sales by Nirland.The filing comes as Conduit faces financial challenges, with only $110,000 in cash as of November 22, 2024. The company warned it may need to curtail operations or seek bankruptcy protection without additional funding. Conduit is developing clinical assets for autoimmune disorders, including AZD1656 for lupus and vasculitis.The prospectus also notes Conduit has identified material weaknesses in its financial controls. Its stock closed at $0.095 on December 5 on Nasdaq, where it risks potential delisting. The company cautioned that substantial share issuance could significantly dilute existing stockholders.
Conduit Pharmaceuticals has filed a prospectus to register up to 75 million shares of common stock for potential issuance upon conversion of a senior secured promissory note held by Nirland Limited. The note was issued in August 2024 for $2.65 million. Conduit will not receive proceeds from any sales by Nirland.The filing comes as Conduit faces financial challenges, with only $110,000 in cash as of November 22, 2024. The company warned it may need to curtail operations or seek bankruptcy protection without additional funding. Conduit is developing clinical assets for autoimmune disorders, including AZD1656 for lupus and vasculitis.The prospectus also notes Conduit has identified material weaknesses in its financial controls. Its stock closed at $0.095 on December 5 on Nasdaq, where it risks potential delisting. The company cautioned that substantial share issuance could significantly dilute existing stockholders.
Conduit Pharmaceuticals 已提交招股說明書,以註冊最多 7500萬 股普通股,以便在 Nirland Limited 持有的高級擔保 promissory note 轉換時潛在發行。該票據於 2024 年 8 月發行,金額爲 265萬美元。Conduit 將不會從 Nirland 的任何銷售中獲得收益。此申請是在 Conduit 面臨財務挑戰的情況下提交的,截至 2024 年 11 月 22 日,公司的現金僅爲 110,000 美元。公司警告稱,如果沒有額外資金,可能需要減少運營或尋求破產保護。Conduit 正在開發用於治療自身免疫性疾病的臨床 資產,包括用於狼瘡和血管炎的 AZD1656。招股說明書還指出,Conduit 已發現其財務控制存在重大缺陷。其股票在納斯達克於 12 月 5 日收盤價爲 0.095 美元,面臨可能被退市的風險。公司警告稱,大量發行股票可能會顯著稀釋現有股東的權益。
Conduit Pharmaceuticals 已提交招股說明書,以註冊最多 7500萬 股普通股,以便在 Nirland Limited 持有的高級擔保 promissory note 轉換時潛在發行。該票據於 2024 年 8 月發行,金額爲 265萬美元。Conduit 將不會從 Nirland 的任何銷售中獲得收益。此申請是在 Conduit 面臨財務挑戰的情況下提交的,截至 2024 年 11 月 22 日,公司的現金僅爲 110,000 美元。公司警告稱,如果沒有額外資金,可能需要減少運營或尋求破產保護。Conduit 正在開發用於治療自身免疫性疾病的臨床 資產,包括用於狼瘡和血管炎的 AZD1656。招股說明書還指出,Conduit 已發現其財務控制存在重大缺陷。其股票在納斯達克於 12 月 5 日收盤價爲 0.095 美元,面臨可能被退市的風險。公司警告稱,大量發行股票可能會顯著稀釋現有股東的權益。
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